Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

TEFAF’s 2017 Art Market Report

March 6, 2017 by Marion Maneker

Photo: Harry Heuts

Headline Figures

  • sales in the global art market reached $45bn in 2016, up nearly 1.7% compared to 2015.
  • Europe had sales exceeding $20.5bn
  • Americas $14.5bn
  • Asia almost $10bn

Specific Markets

  • US totalled 29.5%
  • UK at 24%
  • China 18%

Global Auction Sales

  • $16.9bn down 18.8% on the 2015 figure $20.8bn
  • Total volume (number of items) sold decreased by 21.5%
  • US auction value dropped by 41% (far exceeding the 9% percent drop in consignments)
  • a 13% drop in the value of auction sales in Europe (from $6bn in 2015 to $5.22bn in 2016).
  • Asia now has the largest share of the global auction market at 40.5%, dominated by China

The report will be released on Friday but you can download a copy here: TEFAF Art Market Report 2017

More from Art Market Monitor

  • Two Views of OrientalismTwo Views of Orientalism
  • As Remote Sales Prevail, Christie’s Brings Large-Scale Sculpture to Market in Private Selling ExhibitionAs Remote Sales Prevail, Christie’s Brings Large-Scale Sculpture to Market in Private Selling Exhibition
  • Dawoud Bey Sees New Record at Phillips Following Retrospective AcclaimDawoud Bey Sees New Record at Phillips Following Retrospective Acclaim
  • Richard Prince Buys NY Real EstateRichard Prince Buys NY Real Estate
  • Boom! Heffel’s $41m Canadian Art Sale Led By $11.2m Lawren HarrisBoom! Heffel’s $41m Canadian Art Sale Led By $11.2m Lawren Harris
  • Abstraction Traction Pulls Ellsworth Kelly Back into LimelightAbstraction Traction Pulls Ellsworth Kelly Back into Limelight

Filed Under: Economic Trends

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...